I thought about this idea after talking to some dad's at my son's football pratice and wanted a sanity check:
With the rapid advancement of AI, many people are rightly concerned about the future of work. Instead of simply providing a Universal Basic Income (UBI), what if we took a page from history and created meaningful work programs, much like the ones implemented during the New Deal under President Franklin D. Roosevelt?
What if there were a federally funded group dedicated to building high-quality, aesthetically pleasing houses in areas where housing costs are out of control.
This new federal entity would own these homes and rent them out at a reasonable rate (or people would have the option to buy them outright), below the current market price. By introducing a new supply of affordable, high-quality rental units, we could naturally drive down both housing rents and home prices across the board. This would not only give people work but also provide places to live.
The culture of this program would be something to be proud of. Imagine a workforce with the same commitment and esprit de corps as firefighters or paramedicspeople dedicated to serving their communities and building a better future.
To ensure accountability and prevent the program from becoming a permanent bureaucracy, it would be built with key, measurable indicators for success. If the program fails to meet these goalssuch as driving down average rents in target areas or providing a specific number of housing units at a reasonable costit would be designed to automatically shrink until it's phased out entirely.
This wouldn't be a handout. It's a way to tackle the housing crisis, create good jobs, and build a more resilient society in the face of technological change.
What'ya think?
With the rapid advancement of AI, many people are rightly concerned about the future of work. Instead of simply providing a Universal Basic Income (UBI), what if we took a page from history and created meaningful work programs, much like the ones implemented during the New Deal under President Franklin D. Roosevelt?
What if there were a federally funded group dedicated to building high-quality, aesthetically pleasing houses in areas where housing costs are out of control.
This new federal entity would own these homes and rent them out at a reasonable rate (or people would have the option to buy them outright), below the current market price. By introducing a new supply of affordable, high-quality rental units, we could naturally drive down both housing rents and home prices across the board. This would not only give people work but also provide places to live.
The culture of this program would be something to be proud of. Imagine a workforce with the same commitment and esprit de corps as firefighters or paramedicspeople dedicated to serving their communities and building a better future.
To ensure accountability and prevent the program from becoming a permanent bureaucracy, it would be built with key, measurable indicators for success. If the program fails to meet these goalssuch as driving down average rents in target areas or providing a specific number of housing units at a reasonable costit would be designed to automatically shrink until it's phased out entirely.
This wouldn't be a handout. It's a way to tackle the housing crisis, create good jobs, and build a more resilient society in the face of technological change.
What'ya think?
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